QDEC ETF — FT Cboe Vest Growth-100 Buffer ETF - December

FT Cboe Vest Growth-100 Buffer ETF - December (QDEC)

QDEC is an ETF that tracks the Large-Cap Growth Index. As of August 19, 2026, its distribution rate is 0.00%, its expense ratio is 0.90%. Fund total return is 81.8% over the past 5.7 years, 42.9 points behind SPY at 124.7%.

FT Cboe Vest Growth-100 Buffer ETF - December is an ETF that uses customized exchange-traded options on large-cap growth index exposure to deliver capped upside returns paired with downside protection over a one-year outcome period that resets each December. The fund does not distribute income and carries an expense ratio of 0.90%, making it structured around capital appreciation with built-in loss limits rather than yield generation. It appeals to investors seeking growth exposure with defined risk parameters who are comfortable with the complexity of options-based strategies and one-year outcome periods.

QDEC performance versus SPY

Data as of August 19, 2026.

Fund total return is 81.8% over the past 5.7 years, 42.9 points behind SPY at 124.7%. Its deepest 1-year drawdown was 7.6%.

QDEC key facts

Data as of August 19, 2026.

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

12/18/2020

Expense ratio

0.90%

Distribution rate

0.00%

Distribution frequency

None

Last close

$36.01

AUM

$700,971,174

Average volume

11452.0

Beta

0.6

P/E ratio

32.2304

How Dividend Vision calculates yield and returns

Distribution rate (0.00%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: First Trust fund page; Index: Large-Cap Growth Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QDEC risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.6%.

Who may consider QDEC — and who may not

It is a weaker fit for investors who need monthly cash flow (QDEC does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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